Oberoi Realty Limited Earnings Summary — Q4 FY2026
Oberoi Realty Reports Robust Revenue Growth and Margin Sustenance in Q4 FY2026
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 25.7% sequentially in Q1 FY2027.
- Revenue of ₹1,301 Cr is 31.7% higher year-on-year.
- Revenue has compounded at -0.5% annualised over the last 10 quarters.
- Net profit of ₹544 Cr is 29.0% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at -15.2% annualised across the period.
- Operating margin stands at 56.4% in Q1 FY2027.
- Operating margin expanded by 374 bps year-on-year.
- Over the last two years operating margin has contracted by 157 bps.
- PBT margin is 54.7%.
- Expense growth of 21.3% remained below revenue growth of 31.7%.
- Operating profit of ₹734 Cr is 41.1% higher year-on-year.
- Operating leverage continues to improve.
- 4 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 62/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,301 | 1,750 | 1,493 | 1,779 | 988 | 1,150 | 1,411 | 1,320 | 1,405 | 1,315 |
| Expenses | Improving | 567 | 801 | 635 | 759 | 467 | 532 | 555 | 506 | 590 | 526 |
| Operating Profit | Improving | 734 | 949 | 857 | 1,020 | 520 | 618 | 856 | 814 | 815 | 789 |
| Operating Margin | Stable | 56.4% | 54.3% | 57.4% | 57.4% | 52.7% | 53.7% | 60.7% | 61.7% | 58.0% | 60.0% |
| Other Income | Stable | 65 | 74 | 55 | 77 | 93 | 63 | 52 | 41 | 39 | 247 |
| Interest | Improving | 52 | 27 | 67 | 71 | 75 | 80 | 75 | 52 | 59 | 50 |
| Depreciation | Strong Uptrend | 35 | 33 | 33 | 33 | 32 | 24 | 23 | 21 | 20 | 14 |
| Profit Before Tax | Stable | 712 | 963 | 813 | 993 | 507 | 577 | 810 | 782 | 775 | 971 |
| Tax | Volatile | 168 | 260 | 190 | 233 | 86 | 144 | 192 | 193 | 191 | 183 |
| Net Profit | Stable | 544 | 703 | 623 | 760 | 421 | 433 | 618 | 589 | 585 | 788 |
| Net Margin | Softening | 41.8% | 40.2% | 41.7% | 42.7% | 42.7% | 37.7% | 43.8% | 44.7% | 41.6% | 59.9% |
Key Takeaways
- Revenue for Q4 FY2026 surged to ₹1,750 crore, a substantial 52% increase compared to the previous year's fourth quarter.
- Net profit recorded a sequential growth of 12.8%, reaching ₹703 crore for the quarter.
- Operating Profit Margin remains high at 54%, though slightly lower than the 57% levels seen earlier in the fiscal year.
- Significant reduction in interest costs during Q4 (₹27 Cr) compared to previous quarters helped maintain bottom-line strength.
- Total borrowings reduced from ₹3,300 Cr in Mar 2025 to ₹2,825 Cr in Mar 2026, strengthening the balance sheet.
- The company continues to demonstrate industry-leading margins driven by its premium brand in the Mumbai Metropolitan Region.
- EPS grew sequentially to ₹19.34 for the quarter, reflecting improved operational efficiency.
- Inventory levels remain a key monitoring point as the company scales its diversified portfolio including annuity assets.
Management Guidance
Management emphasizes a shift toward more stable cash flows through the commissioning of large-scale annuity assets like Commerz III and mall expansions.
Sentiment Shift
Improving
Quarterly performance shows strong momentum in revenue recognition and debt reduction compared to the preceding quarters of FY26.
Outlook
The outlook remains strong with expected growth from NCR market entry and a diversified revenue mix of residential and rental income. High brand equity allows for sustained premium pricing.
From the Annual Report (Key Quotes)
“Oberoi Realty's brand equity allows it to maintain premium pricing and strong realization rates per square foot.”
“Strategic decision-making is evident in their 'cluster-based' development approach.”
“Management is highly regarded for its transparency, execution speed, and conservative financial stance.”
Official Quarterly Documents
This summary is AI-generated from Oberoi Realty Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.